American Creek Resources Ltd V.AMK

Show me the money, today is the day

[Robizounskin]

Cunningham Mining to Acquire American Creek Resources, September 6, 2024 news.

Transaction Details

The Transaction will be implemented by way of a statutory plan of arrangement under Division 5 of Part 9 of the BCBCA (the "Plan of Arrangement"). Completion of the Transaction is subject to customary conditions, including, among others, court approval and regulatory approvals (including the approval of the TSXV), and will, among other things, require the approval of (i) at least twothirds of the votes cast by the Shareholders present in person or represented by proxy at the Meeting, and (ii) a simple majority of the votes cast by Shareholders on a resolution approving the Arrangement, excluding for this purpose the votes attached to the Shares held by persons required to be excluded for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.

The Arrangement Agreement provides for customary deal protection provisions, including non-solicitation covenants of American Creek, "fiduciary out" provisions in favour of American Creek and "right-to-match superior proposals" in provisions in favour of CML. The Arrangement Agreement provides for a termination fee of $6,286,125 payable by American Creek if it accepts a superior proposal and in certain specified circumstances. In addition, on or before September 30, 2024, CML will pay American Creek a cash signing fee of $300,000, which funds will be used for working capital purposes in the ordinary course of business (including reasonable expenses incurred by American Creek related to the Transaction). 50% of the signing fee (i.e. $150,000) will be repayable by American Creek to CML in equal monthly installments of $10,000 in the event that the required Shareholder approval is not obtained at the Meeting or the Transaction is terminated due to a non-curable breach of the Arrangement Agreement by American Creek.

[Signman]

It's hard to not notice as this "deal" plays out that despite being able to hit timelines prior to the stated dates. Everyone of them is down to the last day !? Even after trading hours. I expect no less here. If they wanted to infuse some confidence I would suggest not doing this very time they "can" do it.

[Stockmoves1]

They have their reasons as much as it chomps / all we can hope is the manipulaters get burned

[GoldDigger60]

They have done everything they said they would do so far and you are correct, they do wait until the very last minute to share any info or progress. 

[Stockmoves1]

They have their reason / in the end it will matter not

[Larry60]

Really?  Have they? Food for thought: 1)  Initial LOI was supposed to result in a definitive deal by Aug 5th.  It did NOT. 2)  Cunninghsam was supposed to show proof of financing in place prior to Aug 5th.  They did not show they have the money, just that they entered into a "token subscription agreement" with GEM that certainly did not have $210 million on Aug

[GoldDigger60]

Your track record is at ZERO so far. Why would it be any different now? 

[Larry60]

Sure GD. Fortunately I sold all my AMK months ago around 22 cents.  Redeployed capital into names that are all up 30% to 100%  since then!!!!  Is AMK up in the multi month period?  Yes!  about 15%.  A laggard in this gold bull market. As for the AMK deal?  Ive been spot on. Delay, punt, no money down, you name it..........................the musial chairs will

[GoldDigger60]

Thats odd, two weeks ago (on Sept 13) you posted that you did have shares in AMK. Not much honesty in your posts!

[Larry60]

GD, not sure where youre gettin your info but it is wrong.  I posted I went short AMK at 33 cents and that I added to my long position in TUO and TUD.  I also stated a the next couple of trading days that I coveed most of the short. Sorry for your confusion. FACTS MATTER

[Robizounskin]

Does the cheque was good or NSF, can't wait to see some news about it, otherwise it will start to be suspicious about the deal or another offer is in the pipeline hopefully. As indicated in the news release of September 6, 2024; For further information please contact Kelvin Burton at: Phone: [phone] or Email: [e-mail].

[MrVerbatim9800]

I am in AMK with a sizable stake, as many here are. AND, I like the crew; we have a rapport. However, AMK has a fiduciary duty to keep us informed without delay. Take the inforamtion below and blow up Kelvin's phone today....

[paydirtontario]

Lots of Big Whales in the GT  I'm sure they could out do $209 m

[Larry60]

Reality check????  Everyone seems fixated on a $300k deposit that CUnninghsam somehown couldnt , o r didnt want to, pay when they signed the deal.  This is a $210 million deal!!!!!!!!!!!!! IMHO, the fact that they gave them 30 days to pay is a red flag, the fact they made the deposit so small (0.1% of deal value!) is a red flag, the fact that so many are fixated on whether

[curtis111]

 Nothing to worry about.  Was will come out inconjunction with the shareholder meeting/voting date as per Sedar. The timeline has been presented. Don't let these guys take your shares. He's been wrong every step of the way..

[fairdinkem]

When you go to vote remember that TREATY CREEK has one of if not the largest discoveries in the last 50 years.  Also even in the Golden Tri Angle,,, we are one of the Top shelf choices for ounces of GOLD, yet to be mined, so do not short change yourself as it could be a big short change on your part???????  But thats your choice either way, but,, Bee,, in the KNOW ZONE for once!  I

[fairdinkem]

Ahhhhhh GOLD going to $2900.00  OK "I" get it now!  Oh please Mr Dry Nuggets tripple our offer to keep UP with our NEW daily GOLD apprecieation in US Dollars.  OK!     I know you will understand RIGHT ???????

[Larry60]

Cunninghsam promissed to pay the measly deposit of $300k on or before Sept 30.  While no one can definitvely say why Cunninghsam did not pay it when agreement was signed (aside from those directly involved), most likely reason is they did NOT have $300k and needed to raise it!  So that is a timeline that was missed. The initial AUg 5th timeline was missed as well! Also, on sept 5th